Masirah Oil Limited, the 86.37%-owned subsidiary of technology-driven oil company Rex International, has awarded a drilling rig contract to Shelf Drilling in Oman.

The contract is said to utilise the Tenacious jackup rig to drill two development wells and one exploration well in Block 50 Oman.

See also: Rex International swings back into the black in 2Q on one-off gain

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook